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there would be a method. explain. >> well, actually, the public option would decrease the deficit by about $104 billion over ten years. >> how too you know that? >> that's the congressional budget office estimate. of what it would do. this is not numbers i made up. because it would inn fact lower the -- provide an option -- this would be completely by choice -- for people who don't want to pick this public option, among the private sector choices within a health exchange, and rates for premiums are estimated to be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of those drugs. if anything they have soared since that benefit came in because the government can
relief insurance fund. okay? we know that that has been operating at a deficit. it's still in the red right now. this is going to prolong the agony. if we don't fix the core spending problem, we are not going to have money for another disaster. >> neil: i suspect they won't. they have taken some of the fat out. but i am talking in terms of million, not billions. >> million, not billions. >> neil: by the end of tonight, they will have gotten the sandy package out. you fear it's a continuing precedent for spending bad money after good. >> it's the nature of the device they are using to do t. emergency spending and including in emergency spending line-item spending -- want the way it's supposed to be done. we know the government takes in "x" number of dollars and it's lg willing to borrow "x" number of dollars, for the ceiling. for every $6 of $steb, it's borrowed money! we are spending less than we are taking in in revenue. at this point, that comes home to haunt you. i am saying the victims didn't nide the money, we don't need to spend $16 billion on things that don't have to do with v
to scare people and distract from the main issue. he said he was going to cut the deficit his first year in office we doubled it every year. it's time to make hard decisions. there is ongoing wrong with suggesting over the next ten years, we stop borrowing from our children's future and we balance our budget. we can do that. i think most americans will agree. >> neil: you got to wonder, if the mainstream media that republicans are being obstructionists if they dare reject raising the debt ceiling but they didn't do it to a single democrat seven years ago including senator barack obama, then republicans are damned no matter what they do? >> it's part of the strategy of this administration on fiscal cliff, on all kinds of issues is to frighten people, frighten seniors. we need to reassure seniors with their truth, their social security and medicare is going to get paid unless the president is completely irresponsible. interest on our debt is going to get paid and our credit rating is likely to stay where it is if we cut spending rather than blow through another debt limit without making th
Search Results 0 to 3 of about 4 (some duplicates have been removed)